Renewable energies generated 37.7% of electricity in Spain in May 2017. Wind power 18.2%, solar thermal 3.4% and photovoltaic solar power 4.6%. Generation of the month of May of 2017 Peninsular demand for electricity in May is estimated at 20,155 GWh, 2.1% higher than in the same month of the [...]
The Spanish government loses first ICSID arbitration claim over retroactive measures against Concentrated Solar Power
The retroactive measures taken against STE plants by the Spanish government in 2012 - 2013 and consolidated in 2014 resulting in a massive change of the remuneration scheme for RES power plants have now been unanimously condemned by ICSID, the International Center for the Settlement of Investment Disputes . [...]
Spain ordered to pay 128 million euros compensation to Concentrated Solar Power firms for subsidy cuts
Spain has lost international an arbitration case over cuts to CSP subsidies and has been ordered to pay 128 million euros ($141.2 million) to CSP developer group Eiser, Elecnor and Aries, El Pais newspaper reported May 5. The case refers to Spain's retraction of renewable energy subsidies in electricity [...]
Extremadura takes part in Brussels in the constitution of the Association of Intelligent Specialization of Solar Energy
The government of Extremadura will be part of the Association of Intelligent Specialization of Solar Energy (S3), created at the request of the European Commission, to discuss and design the future of electricity production through solar energy, and especially photovoltaic technology and concentrated solar power (CSP). To this end, the [...]
Spain must pay €128 million for cuts to compensation for concentrated solar power (CSP) plants as ordered by the World Bank’s ICSID, where many other cases for investors in renewable energy projects are pending. The International Centre for Settlement of Investment Disputes (ICSID) has given a ruling partially in [...]
A consortium of solar thermal electricity experts, coordinated by CENER, has started to test the key components of an innovative concentrated solar power plant configuration that promises to considerably increase the efficiency and reduce the levelised cost of electricity of CSP technologies. The development of this new plant concept is [...]
Interview with José Manuel Suarez and Marco Antonio Carrascosa. Reported from CSPPLAZA: When it comes to solar thermal power industry, people cannot avoid mentioning one name, Spain. Recently, this country has occupied a unique position and leading the development of CSP technology across the world, but much to surprise, its cruical [...]
A group of local and international banks have optimised the funding of the 100MW Andasol 1 and 2 solar concentrated solar power plants in southern Spain. The plants’ owners – Antin Infrastructure, Deustche Asset & Wealth Management and Grupo Cobra – opted for the equity and debt optimisation due to [...]
The Ivanpah Solar Electric Generating System in California (US), the world’s largest solar power plant, is a concentrating solar power (CSP) complex that uses more than 300,000 mirrors to generate electricity. On 19 May when a small fire shut down a generating tower the mainstream press jumped on the news [...]
Proceeds will be used to reduce corporate debt and reinforce its balance sheet.
Healthy contracting activity leading to new record E&C backlog of €8,833 million.
Abengoa says sells its fourth packet of assets, consisting of two concentrated solar power plants in Spain, to its Abengoa Yield affiliate for 277 million euros.
The European concentrated solar power (CSP) capacity remained stable in 2014 and will probably post a negligible increase in 2015.